Question

The following is a portion of the current asset section of the balance sheets of HiROE Co., at December 31, 2020 and 2019: 12/31/20 12/31/19 Accounts receivable, less allowance for uncollectible accounts of $9,100 and $3,600, respectively $155,900 $131,400 Required: b. If bad debts expense for 2020 totaled $9,500, what was the amount of accounts receivable written off during the year? (Hint: Use the T-account model of the Allowance account, plug in the three amounts that you know, and solve for the unknown.)

Answer 1

Answer- The amount of accounts receivable written off during the year was =$4000.

Explanation- Amount of accounts receivable written off = Beginning balance of allowance for uncollectible accounts+ Bad debts expense-Ending balance of allowance for uncollectible accounts

= $3600+$9500-$9100

= $4000

Allowance for uncollectible accounts (T-account)
Particulars	Amount	Particulars	Amount
	$		$
Written offs	4000	Beginning balance	3600
		Bad debts	9500
		Ending balance	9100